Grow Philanthropy Act of 2016
Latest action · Apr 12, 2016 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 12, 2016
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Grow Philanthropy Act of 2016
This bill amends the Internal Revenue Code to exclude from the gross income of an individual who is at least 70-1/2 years of age up to $100,000 in distributions from an individual retirement plan to a donor-advised fund.
(A donor-advised fund is a fund or account that is separately identified by reference to contributions of a donor or donors. The account is owned and controlled by a sponsoring charitable organization, while the donor retains advisory privileges with respect to the distribution and investment of funds in the account.)
Cosponsors 47
Members who signed on, in the order they did. Signatures ran from Apr 12, 2016 to Dec 1, 2016; 5 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-CA | Devin Nunes | Original | Apr 12, 2016 |
| R-MN | Erik Paulsen | Original | Apr 12, 2016 |
| D-TX | Gene Green | Original | Apr 12, 2016 |
| R-PA | Mike Kelly | Original | Apr 12, 2016 |
| R-OH | Patrick J. Tiberi | Original | Apr 12, 2016 |
| R-MO | Jason Smith | Apr 14, 2016 | |
| R-WI | F. James Sensenbrenner, Jr. | Apr 18, 2016 | |
| R-TX | Pete Sessions | Apr 18, 2016 | |
| R-TX | Kenny Marchant | Apr 21, 2016 | |
| R-PA | Patrick Meehan | Apr 21, 2016 | |
| R-IA | David Young | Apr 27, 2016 | |
| R-OH | James B. Renacci | Apr 27, 2016 | |
| R-GA | Tom Graves | Apr 28, 2016 | |
| R-SD | Kristi L. Noem | May 11, 2016 | |
| R-CO | Scott R. Tipton | May 11, 2016 | |
| D-CA | Anna G. Eshoo | May 19, 2016 | |
| D-OH | Joyce Beatty | May 24, 2016 | |
| R-KS | Lynn Jenkins | May 24, 2016 | |
| D-PA | Robert A. Brady | Jun 7, 2016 | |
| D-WI | Ron Kind | Jun 7, 2016 | |
| D-WI | Gwen Moore | Jun 21, 2016 | |
| R-TX | Jeb Hensarling | Jun 21, 2016 | |
| D-CA | Jared Huffman | Jun 22, 2016 | |
| D-NY | Joseph Crowley | Jun 22, 2016 | |
| R-NC | David Rouzer | Jul 5, 2016 | |
| D-WA | Derek Kilmer | Jul 5, 2016 | |
| D-OH | Marcy Kaptur | Jul 5, 2016 | |
| D-CA | Mike Thompson | Jul 5, 2016 | |
| D-RI | James R. Langevin | Sep 7, 2016 | |
| R-CO | Mike Coffman | Sep 7, 2016 | |
| D-RI | David N. Cicilline | Sep 15, 2016 | |
| R-UT | Mia B. Love | Sep 21, 2016 | |
| D-NM | Michelle Lujan Grisham | Sep 21, 2016 | |
| D-NC | David E. Price | Sep 22, 2016 | |
| R-NM | Stevan Pearce | Sep 26, 2016 | |
| R-FL | Mario Diaz-Balart | Sep 27, 2016 | |
| D-VA | Donald S. Beyer, Jr. | Sep 28, 2016 | |
| D-NY | Jose E. Serrano | Sep 28, 2016 | |
| R-TX | Kay Granger | Sep 28, 2016 | |
| D-NE | Brad Ashford | Nov 15, 2016 | |
| R-TN | Diane Black | Nov 15, 2016 | |
| D-NY | Kathleen M. Rice | Nov 15, 2016 | |
| R-IL | Robert J. Dold | Nov 15, 2016 | |
| R-FL | Vern Buchanan | Nov 15, 2016 | |
| D-IL | Janice D. Schakowsky | Nov 30, 2016 | |
| R-TX | Louie Gohmert | Nov 30, 2016 | |
| R-NY | Peter T. King | Dec 1, 2016 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Apr 12, 2016 |
Actions 2
Everything that happened, newest first.
- Apr 12, 2016Introduced in House
- Apr 12, 2016Referred to the House Committee on Ways and Means.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 162, no. 55, April 12, 2016, page H1635.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| — | MEMBER PROPOSALS FOR IMPROVEMENTS TO THE U.S. TAX SYSTEM338 pages | Ways and Means Committee | May 12, 2016 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 2750 | Charities Helping Americans Regularly Throughout the Year Act | Related bill | Apr 6, 2016 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to allow tax-free distributions from individual retirement plans to donor-advised funds.
- Short Titles as Introduced
- Grow Philanthropy Act of 2016
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Apr 12, 2016Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
